Skip to content

HPS To Acquire Marlin Business Services (MRLN) – Shares Rally

Sam Boughedda
Sam Boughedda trader
Updated 19 Apr 2021

Practice Stock Trading Your capital is at risk
MRLN logo

Marlin Business Services (NASDAQ: MRLN) is the top gainer so far in the US on Monday after the company announced it will be acquired by HPS Investment Partners LLC.

new-recommended-broker-banner

HPS will acquire Marlin through its European Asset Value Funds at $23.50 per share, representing a 65% premium over the closing price of Marlin’s common stock of $14.24 on April 16.

Global investment firm, HPS, has approximately $68 billion in assets under management. The aggregate consideration paid by certain funds managed by HPS to Marlin shareholders may be reduced if the total costs connected with the de-banking of Marlin Business Bank exceed $8 million.

Once the transaction is complete, Marlin will become a privately held company. The transaction is expected to close in the first quarter of 2022.

Marlin’s share price is trading 55.55% higher since the announcement at $22.15 after closing Friday’s session at $14.24 per share.

Should You Invest in Marlin Business Services Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

Sam Boughedda
Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.